Longevity Risk and Capital Markets: The 2008-2009 Update

7 Pages Posted: 19 Mar 2009

See all articles by David P. Blake

David P. Blake

City University London - Cass Business School

Anja De Waegenaere

Tilburg University - Department of Econometrics & OR, Netspar, and CentER

Richard D. MacMinn

National Chengchi University; The University of Texas

Theo Nijman

Tilburg University - Tilburg University School of Economics and Management

Date Written: March 18, 2009

Abstract

Longevity Four: The Fourth International Longevity Risk and Capital Markets Solutions Conference was held in Amsterdam on 25-26 September 2008. It was hosted by Netspar and the Pensions Institute (at Cass Business School), organised by PensionSummit and sponsored by Cardano, EIM, Nationale Nederlanden, and Robeco; IPE and Pensions & Investments were media partners. Mortality improvements around the world are putting more pressure on governments, pension funds, life insurance companies as well as individuals to deal with the longevity risk they face. At the same time, capital markets can, in principle, provide vehicles to hedge longevity risk effectively. Many new investment products have been created both by the insurance/reinsurance industry and by the capital markets. Mortality catastrophe bonds are an example of a successful insurance-linked security. Some new innovative capital market solutions for transferring longevity risk include survivor bonds, reverse mortgages, longevity-linked swaps and mortality (or q-) forward contracts. The aim of the International Longevity Risk and Capital Markets Solutions Conferences is to bring together academics and practitioners from all over the world to discuss and analyze these exciting new developments.

Suggested Citation

Blake, David P. and De Waegenaere, Anja M.B. and MacMinn, Richard D. and Nijman, Theo E., Longevity Risk and Capital Markets: The 2008-2009 Update (March 18, 2009). Available at SSRN: https://ssrn.com/abstract=1362485 or http://dx.doi.org/10.2139/ssrn.1362485

David P. Blake (Contact Author)

City University London - Cass Business School ( email )

London, EC2Y 8HB
Great Britain
+44 (0) 20-7040-5143 (Phone)
+44 (0) 20-7040-8881 (Fax)

Anja M.B. De Waegenaere

Tilburg University - Department of Econometrics & OR, Netspar, and CentER ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Richard D. MacMinn

National Chengchi University ( email )

Taipei
Taiwan

The University of Texas ( email )

2317 Speedway
Austin, TX 78712
United States

Theo E. Nijman

Tilburg University - Tilburg University School of Economics and Management ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands
+31 13 466 2342 (Phone)
+31 13 466 3280 (Fax)

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